ICF Releases Report on U.S. Retirement Trends in Coastal Areas of Mexico

Quieres retirar en México?  The International Community Foundation has released a study entitled “U.S. Retirement Trends in Mexico’s Coastal Communities: Lifestyle Priorities and Demographics” that interviewed 840 U.S. retirees in coastal areas of Mexico over 50 years of age.  Some of the findings of the survey include:

  • U.S. retirees in Mexican coastal communities are relatively young and well-educated. Nearly 53 percent are under 65 years of age. Almost two-thirds have at least a college degree; another 28 percent attended at least one year of college.
  • U.S. retirees residing in Mexico continue to maintain strong ties to the U.S. with 50 percent still considering the United States as their primary country of residence; almost 22 percent return to the U.S. on a monthly basis.
  • Almost 44 percent of Americans residing in Mexican coastal communities were able to live comfortably on less than $1,000 a month for household expenses. This is significantly different from the U.S. where in California, a senior might need $21,000-27,000/year.
  • U.S. retirees already in Mexico have weathered the recent economic storm well. Forty two percent stated that the economic recession had no impact on their retirement plans and 34 percent said their quality of life has not been impacted.
  • In spite of growing concerns in the United States about narco-violence in Mexico’s border cities, only 7 percent of retirees surveyed reported that public safety and security concerns have reduced the frequency or duration of their trips to Mexico.